Patriot Underwriters, Inc. Reaches Distribution and Service Agreement With Advantage Specialty Inc.

FORT LAUDERDALE, Fla., Oct. 29 /PRNewswire/ -- Patriot Underwriters, Inc., a subsidiary of Patriot Risk Management, Inc., announced today that it has signed a distribution and service agreement with Advantage Specialty, Inc. to produce workers' compensation insurance for SPARTA Insurance Holdings, Inc. This agreement will allow Patriot Underwriters, Inc. to distribute SPARTA Insurance Holdings, Inc. (A- Excellent) workers' compensation insurance products in the states of Delaware, Florida, New Jersey, New York and Pennsylvania.

Patriot Underwriters, Inc. will provide sales, distribution and marketing services. Advantage Specialty, Inc. will provide policy administration and underwriting services, and its sister company Scibal Associates, Inc. will provide claims services. Patriot Risk Services, Inc., another subsidiary of Patriot Risk Management, Inc. will provide nurse case management and cost containment services for Scibal Associates, Inc.

"This agreement strengthens Patriot Underwriters' workers' compensation insurance product line in these states, and complements our other distribution and service relationships," said Dean Watters, Executive Vice President of Sales and Marketing for Patriot Risk Management, Inc.

About Patriot Risk Management, Inc.
Patriot Risk Management, Inc. produces, underwrites and administers alternative market and traditional workers' compensation insurance plans, and provides claims services for insurance companies, segregated cell captives and reinsurers. For further information, please visit www.prmigroup.com.

About Advantage Specialty, Inc.
Advantage Specialty is a managing general agency that underwrites workers' compensation and package policies on behalf of regional insurance companies. In conjunction with Scibal Associates, Inc., a sister company, Advantage Specialty focuses on loss prevention and aggressive claims management. For further information, please visit www.sciadvantage.com and www.scibal.com.

About SPARTA Insurance Holdings, Inc.
SPARTA, which is an acronym for Specialty Program and Risk Transfer Alternatives, is located in Hartford, CT and underwrites property and casualty insurance for the specialty and alternative risk program market. For more information about SPARTA, please go to www.spartainsurance.com.

    Media Contact:
    Diana Cruz
    Patriot Risk Management, Inc.
    954-670-2900
    dcruz@prmigroup.com